Wheaton Precious Metals (WPM) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WPM shares.
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10 equities research analysts have issued 12-month target prices for Wheaton Precious Metals' stock. Their WPM share price forecasts range from $38.00 to $4,700.00. On average, they expect the company's share price to reach $350.56 in the next year. This suggests a possible upside of 672.5% from the stock's current price.
View analysts price targets for WPM or view top-rated stocks among Wall Street analysts.

Wheaton Precious Metals' stock was trading at $3,235.00 on January 1st, 2023. Since then, WPM stock has decreased by 98.6% and is now trading at $45.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our WPM earnings forecast.

Wheaton Precious Metals Corp. (NYSE:WPM) posted its earnings results on Thursday, May, 4th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $214 million for the quarter, compared to analyst estimates of $237.87 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 6.81% and a net margin of 64.08%. The business's revenue for the quarter was down 30.3% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS.

Wheaton Precious Metals declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, May 19th will be given a dividend of $0.15 per share on Friday, June 2nd. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for WPM.

ETFs with the largest weight of Wheaton Precious Metals (NYSE:WPM) stock in their portfolio include Global X Silver Miners ETF (SIL), iShares North American Natural Resources ETF (IGE), Capital Group Growth ETF (CGGR), iShares International Dividend Growth ETF (IGRO), iShares MSCI ACWI Low Carbon Target ETF (CRBN) and iShares MSCI Intl Size Factor ETF (ISZE).iShares Core MSCI International Developed Markets ETF (IDEV).

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.30%. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 43.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Wheaton Precious Metals trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPM."

Wheaton Precious Metals' stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (4.33%), Van ECK Associates Corp (4.29%), FIL Ltd (1.50%), Vaughan Nelson Investment Management L.P. (1.26%), Mirae Asset Global Investments Co. Ltd. (1.25%) and Connor Clark & Lunn Investment Management Ltd. (1.15%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, George Leslie Brack, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
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Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WPM stock can currently be purchased for approximately $45.38.

Wheaton Precious Metals (NYSE:WPM) has a market capitalization of $20.55 billion and generates $1.07 billion in revenue each year. The company earns $669.13 million in net income (profit) each year or $1.38 on an earnings per share basis.

Wheaton Precious Metals' mailing address is 1021 WEST HASTINGS STREEET SUITE 3500, VANCOUVER A1, V6E 0C3. The official website for the company is www.wheatonpm.com. The company can be reached via phone at (604) 684-9648, via email at info@silverwheaton.com, or via fax at 604-684-3123.